dow chemical co/the (DOW) Key Developments
Dow Reportedly Mulls To Sell Its Epoxy And Chlorine Businesses
Sep 25 14
The Dow Chemical Company (NYSE:DOW) has kicked off a process to sell its epoxy and chlorine businesses, hoping to find a single buyer for them in what is set to be a multibillion-dollar deal, according to people familiar with the matter. Dow has hired Goldman Sachs Group Inc and Barclays Plc to manage the process, the people said this week, adding that calls to potential buyers began this week. Logical buyers might include companies in the sector such as Axiall Corporation (NYSE:AXLL), Westlake Chemical Corp. (NYSE:WLK) and Apollo Global Management, LLC (NYSE:APO), the people said. Representatives for Axiall and Westlake did not respond to requests for comment, while Apollo declined to comment.
Dow Electronic Materials to Build Quantum Dot Manufacturing Operation in Korea
Sep 24 14
The Dow Chemical Company announced it will commence construction of the large-scale, cadmium-free quantum dot manufacturing operation at the Company's Cheonan, South Korea site. Previously announced in January, 2013, the new facility will enable the manufacture of millions of quantum dot televisions and other display applications to meet growing consumer demand. Production at the new facility is expected to begin in the first half of 2015.
The Dow Chemical Company Announces Executive Changes
Sep 19 14
The Dow Chemical Company announced that Paula Tolliver, corporate vice president of Business Services and Information Systems, has been named corporate vice president of Business Services and chief information officer (CIO). As CIO, Tolliver succeeds Dave Kepler, who has announced his retirement from Dow.
Dow Achieves Significant Strategic Milestone as USDA Allows Commercialization of Enlist Corn, Soybean
Sep 18 14
Representing a significant milestone toward the commercialization of Dow's Enlist(TM) corn and soybean traits in the United States, the U.S. Department of Agriculture (USDA) issued its deregulation decisions after concluding one of the most thorough reviews of a biotech trait in history. Enlist is a next-generation technology that will drive critical improvements for the agricultural industry. Dow has doubled the value of Dow AgroSciences over the past five-seven years, while utilizing the profitability of strong crop protection business to not only build one of the best technology platforms in seeds, but also in crop protection. Leveraging Dow's global brand, global network, balance sheet, core research and development (R&D) and shared service, Dow AgroSciences has built the fast-growing seeds business in the industry. Representing the best of both platforms, the commercialization of the Enlist technology will further bolster the earnings power of this R&D engine.
Dow Chemical Announces Executive Changes
Sep 18 14
Dow Chemical has named Neil Hawkins as corporate vice president and chief sustainability officer, effective October 1, 2014. Hawkins will have global responsibility for Dow's environment, health and safety (EH&S) and sustainability strategy and initiatives. He succeeds David Kepler who will retire at the end of 2014.